Trading Forecast USD/CHF

USD/CHF closed lower on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off this month's high, December's low crossing is the next downside target. If it renews the rally off December's low, the 38% retracement level of last year's decline crossing is the next upside target.